michael bloomberg released in the request for federal aid for recovery following super storm sandy's devastation. they estimate the total to the $19 billion in losses with the net cost to repair the damage south of $10 billion. u.s. immigration and customs enforcement teaming up to announce the seizure of 132 internet domain names accused of selling counterfeit merchandise. according to an icd press release, the websites are set up to do customers into unknowingly buby counterfeit goods this holiday season. those are your headlines, now back to melissa. melissa: thank you so much. as the fiscal cliff looms, one area that could be getting hit is your retirement savings. peter barnes is in washington, d.c., with more on this. why are you focusing on this part of the pie? >> it is one of the biggest tax breaks out there, melissa. budget negotiators talking about trimming all kind of tax deductions as part of the fiscal cliff, and some of these are pretty big ones. but get this, now some researchers argue that may not make a difference on the overall retirement savings which could give n